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Western Digital Earnings Calls
| Release date | Apr 30, 2026 |
| EPS estimate | $2.39 |
| EPS actual | $2.72 |
| EPS Surprise | 13.81% |
| Revenue estimate | 3.246B |
| Revenue actual | 3.337B |
| Revenue Surprise | 2.79% |
| Release date | Jan 29, 2026 |
| EPS estimate | $1.93 |
| EPS actual | $2.13 |
| EPS Surprise | 10.36% |
| Revenue estimate | 2.929B |
| Revenue actual | 3.017B |
| Revenue Surprise | 2.99% |
| Release date | Oct 30, 2025 |
| EPS estimate | $1.59 |
| EPS actual | $1.78 |
| EPS Surprise | 11.95% |
| Revenue estimate | 2.73B |
| Revenue actual | 2.818B |
| Revenue Surprise | 3.21% |
| Release date | Jul 30, 2025 |
| EPS estimate | $1.48 |
| EPS actual | $1.66 |
| EPS Surprise | 12.16% |
| Revenue estimate | 2.472B |
| Revenue actual | 2.605B |
| Revenue Surprise | 5.38% |
Last 4 Quarters for Western Digital
Below you can see how WDC performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Jul 30, 2025 |
| Price on release | $71.43 |
| EPS estimate | $1.48 |
| EPS actual | $1.66 |
| EPS surprise | 12.16% |
| Date | Price |
|---|---|
| Jul 24, 2025 | $69.02 |
| Jul 25, 2025 | $68.82 |
| Jul 28, 2025 | $68.99 |
| Jul 29, 2025 | $70.61 |
| Jul 30, 2025 | $71.43 |
| Jul 31, 2025 | $78.69 |
| Aug 01, 2025 | $76.55 |
| Aug 04, 2025 | $77.29 |
| Aug 05, 2025 | $75.84 |
| 4 days before | 3.49% |
| 4 days after | 6.17% |
| On release day | 10.16% |
| Change in period | 9.88% |
| Release date | Oct 30, 2025 |
| Price on release | $138.13 |
| EPS estimate | $1.59 |
| EPS actual | $1.78 |
| EPS surprise | 11.95% |
| Date | Price |
|---|---|
| Oct 24, 2025 | $129.43 |
| Oct 27, 2025 | $126.67 |
| Oct 28, 2025 | $124.92 |
| Oct 29, 2025 | $141.38 |
| Oct 30, 2025 | $138.13 |
| Oct 31, 2025 | $150.21 |
| Nov 03, 2025 | $158.02 |
| Nov 04, 2025 | $152.18 |
| Nov 05, 2025 | $160.10 |
| 4 days before | 6.72% |
| 4 days after | 15.91% |
| On release day | 8.75% |
| Change in period | 23.70% |
| Release date | Jan 29, 2026 |
| Price on release | $278.41 |
| EPS estimate | $1.93 |
| EPS actual | $2.13 |
| EPS surprise | 10.36% |
| Date | Price |
|---|---|
| Jan 23, 2026 | $236.39 |
| Jan 26, 2026 | $240.85 |
| Jan 27, 2026 | $252.66 |
| Jan 28, 2026 | $279.69 |
| Jan 29, 2026 | $278.41 |
| Jan 30, 2026 | $250.23 |
| Feb 02, 2026 | $270.23 |
| Feb 03, 2026 | $290.24 |
| Feb 04, 2026 | $269.41 |
| 4 days before | 17.78% |
| 4 days after | -3.23% |
| On release day | -10.12% |
| Change in period | 13.97% |
| Release date | Apr 30, 2026 |
| Price on release | $434.52 |
| EPS estimate | $2.39 |
| EPS actual | $2.72 |
| EPS surprise | 13.81% |
| Date | Price |
|---|---|
| Apr 24, 2026 | $404.00 |
| Apr 27, 2026 | $400.81 |
| Apr 28, 2026 | $390.90 |
| Apr 29, 2026 | $412.76 |
| Apr 30, 2026 | $434.52 |
| May 01, 2026 | $431.52 |
| May 04, 2026 | $442.36 |
| May 05, 2026 | $465.26 |
| May 06, 2026 | $483.15 |
| 4 days before | 7.55% |
| 4 days after | 11.19% |
| On release day | -0.690% |
| Change in period | 19.59% |
Western Digital Earnings Call Transcript Summary of Q2 2026
Western Digital reported a strong Q2 fiscal 2026 driven by cloud/hyperscale demand for higher-capacity nearline hard drives. Revenue was $3.0 billion, up 25% YoY, and non-GAAP EPS was $2.13, with 215 exabytes shipped (up 22% YoY). Gross margin improved to 46.1% (up 770 bps YoY) and the company is guiding Q3 revenue of ~$3.2 billion with gross margin of 47%-48%. Key operational drivers: broad adoption of higher-capacity ePMR and UltraSMR drives (3.5M ePMR drives shipped; UltraSMR >50% of nearline mix and increasing), started HAMR and next-gen ePMR qualifications with hyperscalers, and continued focus on areal density and cost per terabyte reductions (~10% YoY cost/terabyte decline). Western Digital has multi-year commercial visibility with firm POs for top customers through 2026 and LTAs into 2027–2028, strong free cash flow ($653M in the quarter), a net debt position of $2.7B and net leverage below 1x EBITDA, and ongoing capital returns (share repurchases and a $0.125 quarterly dividend). Management expects HAMR to be neutral-to-accretive to margins when ramped and maintains disciplined capital allocation (debt reduction, buybacks, dividends). An Innovation Day is scheduled for Feb 3 to provide more product and financial model detail.
